Indian benchmark indices opened sharply higher, with the Sensex gaining more than 500 points and the Nifty trading above the 23,900 mark. Information technology stocks led the early gains, with TCS, Infosys, Tech Mahindra and HCL Technologies among the notable performers. The positive opening came despite concerns over rising global bond yields, which remain an important factor influencing investor sentiment across equity markets.

TCS gained 1.64% in early trade, while Infosys rose 1.34%. Tech Mahindra was also among the leading technology stocks, advancing 1.57%. The broader market opened on a positive note, with gains extending beyond the IT sector and indicating strong buying interest across several major segments at the start of the trading session.

On the BSE, Bajaj Finserv emerged as the biggest gainer among major stocks, rising 1.68%. Reliance Industries gained 1.34%, while HDFC Bank advanced 1.04% and Bajaj Finance climbed 0.90%. IndiGo, Trent, Maruti Suzuki, State Bank of India and Power Grid were also among stocks that opened higher, contributing to the broad-based strength in the market.

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Market participants are also assessing signs of improving domestic investment activity. Dr V K Vijayakumar, Chief Investment Strategist at Geojit Investments, pointed to CMIE data showing a 97% increase in private investment during the first quarter of FY27 compared with the year-earlier period. He said the improvement in private capital expenditure could support economic growth and indicated a potential turnaround after a prolonged period of subdued investment.

However, rising government bond yields globally remain a potential headwind for equities. The US 10-year yield is around 4.8%, while Japan’s 10-year yield has reached 3%, its highest level in about three decades, and the UK’s 30-year yield is at 6%. India’s 10-year government bond yield is also close to 7%, raising concerns that higher returns from fixed-income investments could reduce the attractiveness of equities and encourage capital flows away from emerging markets.

At the same time, domestic indicators including GST collections, automobile sales and credit growth are providing support to investor sentiment. The combination of stronger domestic economic signals and global concerns over borrowing costs is expected to keep markets sensitive to incoming data and policy developments. Analysts therefore expect volatility to remain elevated as investors balance improving Indian growth indicators against the pressure created by higher global bond yields.

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